Rocket Lab's Surprising Growth Surpasses SpaceX in First Quarter
Monday, 22 April 2024, 11:07
Rocket Lab's Momentum
How much would you pay to own a rocket stock with 77% growth? Rocket Lab (NASDAQ: RKLB) stock is on a tear. Over just the past week, Rocket Lab has announced:
- A $32 million U.S. Space Force contract to put a 'VICTUS HAZE Tactically Responsive Space' satellite in orbit.
- Another Space Force contract to launch a DISKSat into very low earth orbit for $14.5 million.
- Plans to reuse one of its Electron first-stage rockets in an orbital launch for the first time ever.
Eclipsing SpaceX
For the better part of a decade, SpaceX, founded by Elon Musk, has set the growth standard in the space industry. In contrast, Rocket Lab's recent surge in launch frequency has positioned it as a formidable competitor, experiencing faster growth than SpaceX in Q1 2024.
Should you invest $1,000 in Rocket Lab USA right now?
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.